SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus

MarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailSpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focusSpaceX's proposed $75 billion IPO would rank among the largest ever, while its $1.29 billion bitcoin holding and the broader wave of megacap listings could reshape capital flows across crypto and technology markets.By Helene Braun|Edited by Nikhilesh De Jun 3, 2026, 10:31 p.m. 2 min readMake preferred on What to know: SpaceX plans to price its initial public offering at $135 a share, which would raise about $75 billion and value the company at roughly $1.75 trillion.The listing would bring SpaceX’s 18,712-bitcoin treasury, worth about $1.29 billion as of March 31, into public markets and give shareholders indirect exposure to the cryptocurrency.Investors and analysts are watching how the IPO, along with other large tech and AI fundraisings, could divert risk capital from crypto and whether any future combination of SpaceX and Tesla would concentrate one of the largest corporate bitcoin holdings.SpaceX is planning to set the price of its initial public offering at $135 per share in a deal that would raise a record $75 billion and value the company at $1.75 trillion, the company said in a filing with the U.S. Securities and Exchange Commission.The aerospace company plans to sell 555.6 million shares as part of the offering, according to the filing. If completed at the proposed size, the IPO would rank among the largest public listings ever and mark a major milestone for Elon Musk's privately held rocket and satellite business.The offering would also have implications for the crypto market.SpaceX held 18,712 bitcoin with a fair value of $1.29 billion as of March 31, making it one of the larger known corporate holders of the cryptocurrency. A public listing would bring those holdings into public markets, giving investors indirect exposure to bitcoin through ownership of SpaceX shares.The company's bitcoin…

SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus

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